How to Get Wealthy By Age: 20s, 30s, 40s, 50s & 60s+

These are some of the goals you should be focusing on at every age in order to build and compound your wealth over time! Your 20s is a foundational time, your 30s is when you double down on skills and increase your income, your 40s is about managing risk, reducing taxes, and your 50s and 60s are going to be for protecting your capital, and making sure you can retire just fine. I hope that this video answers many questions for you. Make sure to subscribe to the channel!

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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.

PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!

⏱️ Timestamps:
0:00 - Start Here
0:06 - 20s
5:08 - 30s
9:16 - 40s
13:42 - 50s & 60s

[alexsteven.m]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[matshepherd]

W for bro still putting time stamps in his videos. I know this can lower watch time so most YouTubers stopped but it is appreciated.

[tommychestnut]

From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about 750k in savings.

[GillerHeston]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[anikulapoidris]

You are gradually becoming my financial coach and mentor.

[ClarkeGriffiny]

At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.

[rangequeen]

You have the nicest and most polite comment section on YT! 🤭 Well deserved. Love your content and calm friendly delivery. 🥳

[Carsonkcooper]

Yang gang!! Let's go! Another killer video man 😎🙌🏻

[Dejones-zD]

I know nothing about trading/Investing and I'm keen on getting started . What are some strategies to get started with ?

[anbupan]

We appreciate you a lot man ❤ you’re really helping out a 19 year old college student

Ive always seen Humphrey video on tiktok and short reels but never really watch his full videos until now. Ive been following as of recent and love how much information he's sharing to helping me being debt free and wealthy in the future. Thanks Humphrey!

[tulioherewego]

Great video, but although I agree with mostly everything I would say you don’t need to wait until ur 60’s to have a Will a Trust bc we don’t know when we gonna die. So as soon your Wealth is growing, is great to have everything in order for when we are call to be in the other side of life.

[bradyfavre]

I’m 21 years old, and I really appreciate you putting this video out! It never made sense to me why so many young people prefer to ‘make memories’ in their 20s instead of focusing on building a future. That mindset never clicked for me. Ever since I started making money at 17, I knew my goal was to be wealthy, and the only way to achieve that is by having your money work for you as early as possible.

[vonwafer]

I couldn't help but ask, could we maybe get a video regarding HSA accounts one day? I genuinely would love to hear more of your take on them, and have a better understanding on whether or not I should be taking advantage of one if I'm offered it! Love the content as always!

[ancientmeww]

Humphrey, your knowledge is much appreciated, Thank you. ❤

[GeorgestraitStriat]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274, 800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[EcomCarl]

your breakdown of financial strategies for each decade provides an invaluable roadmap for long-term wealth building. It's especially crucial to understand that the foundation you build in your 20s can significantly influence your financial freedom and security later in life. 👍

[jasl_]

Thanks for this!! love your channel and please do more videos about building wealth + investing in your 20s!!

[claireworld_]

The idea about different income streams was very thoughtful. I will be thinking of building that too. Thank you so much!

[tomTom-lbcu]

Great information. Amazing what you just explained here in 17 minutes is something not explained in 3 years of high school. Is it no wonder kid’s graduating high school and many from college are horrible with personal finance. In most families money is like taboo and not talked about. ❤